Fox Run Management L.L.C. Purchases Shares of 15,525 A-Mark Precious Metals, Inc. (NASDAQ:AMRK)

Fox Run Management L.L.C. acquired a new position in shares of A-Mark Precious Metals, Inc. (NASDAQ:AMRK) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,525 shares of the company’s stock, valued at approximately $425,000. Fox Run Management L.L.C. owned approximately 0.07% of A-Mark Precious Metals as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. bought a new position in A-Mark Precious Metals during the 3rd quarter worth about $226,000. Quest Partners LLC boosted its position in shares of A-Mark Precious Metals by 748,300.0% during the third quarter. Quest Partners LLC now owns 7,484 shares of the company’s stock worth $330,000 after buying an additional 7,483 shares during the period. Advisors Asset Management Inc. bought a new position in shares of A-Mark Precious Metals during the third quarter worth about $356,000. Intech Investment Management LLC acquired a new stake in A-Mark Precious Metals in the 3rd quarter valued at approximately $251,000. Finally, Algert Global LLC acquired a new position in A-Mark Precious Metals during the 3rd quarter worth approximately $2,029,000. 75.25% of the stock is currently owned by institutional investors and hedge funds.

A-Mark Precious Metals Price Performance

Shares of AMRK opened at $28.18 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The company’s fifty day simple moving average is $27.69 and its 200 day simple moving average is $32.38. A-Mark Precious Metals, Inc. has a 1-year low of $25.01 and a 1-year high of $47.39. The company has a market cap of $648.68 million, a price-to-earnings ratio of 13.75 and a beta of 0.07.

A-Mark Precious Metals (NASDAQ:AMRK) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.10). A-Mark Precious Metals had a return on equity of 9.29% and a net margin of 0.46%. On average, research analysts forecast that A-Mark Precious Metals, Inc. will post 2.11 earnings per share for the current fiscal year.

A-Mark Precious Metals Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 28th. Stockholders of record on Tuesday, January 14th were given a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.84%. A-Mark Precious Metals’s payout ratio is 39.02%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. DA Davidson reiterated a “buy” rating and issued a $35.00 price objective on shares of A-Mark Precious Metals in a report on Tuesday, March 11th. StockNews.com raised shares of A-Mark Precious Metals from a “sell” rating to a “hold” rating in a research report on Thursday, December 19th. Finally, Northland Securities decreased their price objective on A-Mark Precious Metals from $40.00 to $36.00 and set a “market perform” rating for the company in a report on Friday, February 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, A-Mark Precious Metals currently has a consensus rating of “Hold” and a consensus target price of $41.75.

A-Mark Precious Metals Company Profile

A-Mark Precious Metals, Inc, together with its subsidiaries, operates as a precious metals trading company. It operates through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment sells gold, silver, platinum, and palladium in the form of bars, plates, powders, wafers, grains, ingots, and coins.